Badia Spices, Inc. 401(k) Review & Grade
Badia Spices, LLC 401(k) Plan
Doral, FLManufacturing637 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$470Employer $ per active participant
$1,205Employee $ saved per active participant
0.33%Direct admin cost, % of plan assets
$9.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity3.2 / 506th percentile for employer $ per participant
- Low cost9.4 / 2538th percentile for low admin cost vs. same-size plans
- Employee saving0.7 / 155th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score16 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 6th |
| Lower admin cost | 38th |
| Employee saving | 5th |
| Peers that auto-enroll | 59% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Badia Spices put in about $470 per active participant, below the typical peer ($2,320). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $299,645 |
| Participant (employee) contributions | $767,587 |
| Other contributions (incl. rollovers in) | $8,335 |
| Administrative expenses paid from the plan | $29,907 |
| Contract administrator fees | $29,027 |
| Investment advisory & management fees | $880 |
| Benefits paid out | $570,101 |
| Net assets, start / end of year | $0 / $9.2M |
| Active participants, start / end of year | 0 / 637 |
| Participants with account balances | 264 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Templeton Accountants & Advisors |
Largest service providers (Schedule C)
| John Hancock | $29,035 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250918071520NAL0001260928001, received 2025-09-18, EIN 59-1435632, plan #001, plan year 2024-02-26 to 2024-12-31. Verify at efast.dol.gov.